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into recession. >> kristen welker in hawaii, thank you for that. >>> joining me for more on the fiscal cliff negotiations is john yarmouth. welcome, thank you. glad to have you back on the show. >> thank you. >> president obama still thinks a deal can be reached, but speaker boehner had a pretty tough defeat when republicans balked at the plan to raise rates of those making over $1 million. where do you put the chances of a deal being reached before january? >> i don't think they are very high. the more likely scenario, rates will go up automatically on january 1st, and we discussed earlier on the program, that we'll meet early next year and cut taxes of 98% of american people, slightly more than that. but there is an outside chance, and one scenario in which the president and speaker boehner negotiate a deal, and it's a deal that most democrats can accept, instead of a majority of the republicans in the house, 40 or 50 of them vote with democrats to avert the fiscal cliff on the tax side, but that jeopardizes speaker boehner's job. he would be driving the bus over his most conservative memb
)'s took a hit today thanks to the fiscal cliff drama the markets tanked after house republicans cancelled the vote. congress the final friday before christmas go without a deal. the dow dropped 120 points. the nasdaq lost 29. the s&p lost 14. adam shapiro of the fox business network. for weeks it's been reported that investors had already figured into the numbers if you will the fiscal cliff. why are we here? >> you mean at the point that we're down on the dow and down today? >> harris: yeah. >> first of all it could have been worse. when you saw the future last night what he would realized there was not going to be a deal in the house investors said it's not going to be good. they pulled back. there is still 10 days. some investors believe that will happen. priced. in big money investors already pulling out of the market. they were selling some of their stocks in anticipation what will be a tax hit for them no matter what. they were getting ready for. this you still have optimism among some investors that there could be a deal. monday is going to be a low volume day. it's a half day of t
with its biggest test yet. >> thanks so much, pete. >>> more now on the gun debate in and the fiscal cliff. joining me is congresswoman diana of colorado. welcome to you, glad to have you join us. >> good morning, alex. >> the nra says the answer to gun attacks is putting police with guns in the schools. you are from colorado and you knee did not work in the columbine attack because there were armed guards will, right? >> right. alex, columbine is in my congressional district and i was in congress when columbine happened. they had would armed guards there. many of the schools already have armed guards. you know, just saying we need to make bigger fortresses of our elementary schools is really an unbelievable and shocking answer to the issue of these assault weapons and these -- the assault magazines. i mean, it is -- it boggles the mind. a lot of us who are gun control advocates had hoped that the nra by taking a few days to think about it would really think it through and let's come to the table. let's really talk about what gun ownership means. and let's talk about the fact that the only
in taking care of the fiscal cliff is an indicator i can say no. >> thanks to all of you. >> thanks for having us. >> join us tomorrow from 3 p.m. to 5 p.m. eastern. and we will be joined by tennessee republican congresswoman blackburn and congressman cohen. and be sure to catch "meet the press." check the local listings for that time. until then, have a very great saturday afternoon.
. emily, thank you. besides the fiscal cliff, washington is a buzz. we talk about gun control. there's one big roadblock to getting a new law, national rifle association. the nra has one of the most powerful lobbies in washington and yesterday they set a defiant tone. >> the only way to stop a monster from killing our kids is to be personally involved and invest in a plan of absolute protection. the only thing that stops a bad guy with a gun is a good guy with a gun. would you rather have your 911 call bring a good guy with a gun from a mile away or from a minute away? >> the nra has a plan and that plan is to put armed guards in every school and they've called on congress to make it happen. they've even started their own initiative to promote it. cnn national correspondent susan candiotti joins us from new york. not quite what some people had hoped to hear from nra. we were all awaiting this big statement and that's what we got. >> good morning, randi. a lot of people had hoped in the wake of the tragedy at sandy hook elementary school, the nra would offer some concessions and possibly de
about substantial snowfall. >> axelrod: jeff, thank you so much. it's nine days now until the fiscal cliff of tax increases and spending cuts. still, congress has gone home for the holidays, and today president obama and his family arrived in honolulu, where they'll celebrate christmas. the president says he is ready to return to make a deal. retailers called today "super saturday." it is traditionally one of the busiest shopping days of the year. businesses are banking on it because so far this season sales numbers have not been as stroongz many had hoped to see. here's michelle miller. >> reporter: kidding around isa a specialty toy store in new york city. you won't find any of this stuff at target, wal-mart? >> no. >> reporter: the owner says today is his busiest day of the year. within the last month, what have your sales been? >> they're up from last year about 5.5% but some of that is the influence of the early hanukkah. >> reporter: he's doing better than most retailers. shopper track, which monitors consumer behavior nationwide, predicted holiday sales growth of 3.3%. they ju
a deal with the democrats, but he has a plan b fiscal cliff proposal and let's bring in jonathan allen and third way resident fellow bill schneider. i want to start with you. you wrote an article titled revenge of the purged, and you basically were saying in your article, jonathan, that the three amigos that spooker boehner stripped out of their positions and we see them on the screen, what beef did they have? was it simply because they were stripped of their titles? >> look, i think there's a fundamental divide between them and not only speaker boehner with a lot of the republican conference. these guys lost their assignments voting against republicans a lot, but also members of the republican steering committee that led the committee led by speaker boehner have basically said that these guys have gone to another level of trying to hurt the team over the last couple of years and that's why they lost their community assignments and there were profane words used to the way they comport themselves and as a result these guys were free of any tether to the leadership and so not only were t
. >>> the january 1 deadline to reach a deal on the fiscal cliff is closing in. the president and congress remain just as divided. here i am. and now they're geographically divided, too. cnn's emily schmidt is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to
with no deal. and that's before we talk about the rest of the fiscal cliff implications. >> that's why we're paying such close attention to it. thank you very much for the update this morning. >>> it took a week, but the nra finally responded to the massacre in newtown, connecticut. they promised a, quote, meaningful contribution to stop similar attacks. protesters interrupted the statement twice. what's the plan for the nra? armed guards in schools. why? listen. >> politicians pass laws for gun-free school zones. they issue press releases bragging about them. they post signs advertising them. and in doing so, they tell every insane killer in america that schools are the safest place to inflict maximum mayhem with minimum risk. >> now, i want to show you some of the reactions to the nra's message. michael bloomberg has been critical of the president and congress for not tackling this subject earlier. so what did he say about the nra's plea? quote, a shameful evasion of the crisis facing our country. >>> connecticut congressman chris murphy represents newtown. and here's his tweet after th
-called fiscal cliff with stephen dinan and then we get more comments. first president obama nominating senator john kerry of massachusetts to be the next secretary of state of the united states. and in his announcement the president spoke about john kerry's background in foreign affairs and what makes senator kerry a good nominee to be the next secretary of state. >> john's entire life has prepared him for this role. the son of a foreign service officer. he has a deep respect for the men and women of the state department. the role they play in advancing our interests and values and the risks they take and make in sacrificing their families. and especially our military power. and he knows from personal experience that when we send our troops into harm's way, we must give them a strategy, a clear mission and the resources they need to get the job done. in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john has played a major role in every foreign policy debate in years. he understands we have to harness all elements of american power and ensure
'll be watching that. >> alexandra, thank you very much. >>> if the u.s. goes over the fiscal cliff, how are america's business leaders going to react? and if they could force the politicians into a deal, what would it include? >>> and later, some legal advice on how previous supreme court decisions might impact new gun laws now under consideration. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. >>> one thing business owners hate more than just about anything is uncertainty. and if politicians in washington have done anything, it's create the ultimate climate of uncertainty regarding the fiscal cliff. todd mccracken is president of the national small business association. he joins me from washington, d.c. todd, if no deal is reached by the end of the year, a lot of people predict spending will slow down. how will business owners r
the resolving the challenge of the fiscal cliff cannot and will not be done with a partisan vote. it showed us that we must work together in a bipartisan way, he and that we must preclude going over the fiscal cliff, by a balanced agreement that democrats and republicans him support, the president can sign, and that can pass the senate. we should not seek taxes go up on working-class americans. we should not see doctors put a risk in terms of their delivery of services to seniors. we should not see the alternative minimum tax and put at risk. we need to lend confidence to our country. some years ago, he confronted partisan gridlock. newt gingrich and bill clinton got together to reach an agreement it was very controversial. newt gingrich said -- this is october 20, 1998. "i will say to each and every member of this house, unless they have a plan they think can get 218 votes over here, can pass through a filibuster in the senate, and get signed, there is no responsible vote except yes." america expects its congress to get to yes. we are prepared to work with the speaker and with the republican
for the white house and congress to reach an agreement on the fiscal cliff where millions of americans will be paying the price in their paychecks. but congress is now on holiday recess. and president obama is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan to washington. >> before he left to hawaii, he left for a gift for lawmakers to ponder in washington. here are the three main points he's saying. he wants to make sure there's a law passed that ensures 98% of americans know their taxes are not going to go up in just under two weeks. he also wants to make sure that 2 million americans who would otherwise lose their unemployment benefits if we went over the fiscal cliff would be able to keep those benefits. and finally he says, look, we can take a look at the longer term proposals, the larger reform at a later point. just lay the ground work at this point. we also know before the president left, he talked by phone with house speaker john boehner. he met in person with harry reid, althoug
to talk to us dan greenhaus, you are, if i understand it, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff deal for middle class extensions, 250,000, you're right the top rates will go up. but if you get that deal in january, that does save us from the recession scenario, the really deep gloom scenario. >> this is the big debate. our view has been if you get a deal fairly quickly in the new year, it's hardly the end of the world. the question really or the debate really accelerates if you start getting closer to january 15th or ultimately the inauguration. do you do more serious damage to the economy that makes it more diffic
they go over the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. >>> okay, we are getting really close to the fiscal curb, and when congress comes back, they will only have four days. so it is time for ezra klein to tell us what we'll feel when we do go over the fiscal cliff. coming up. so now i can be in the scene. advair is clinically proven to help sign
the cliff, that is a huge negotiating problem here. >> sam stein, thank you. >> just how much of a bump will you really feel if we do over the fiscal curb? ezra klein will join me. >>> and later, a former law in the george w. bush white house calls the nra exactly what it is. a protection racket, a protection racket for republicans. he will join me. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. humans -- sometimes life trips us up. and sometimes, we trip ourselves up, but that's okay. at liberty mutual insurance we can "untrip" you as you go through your life with personalized policies and discounts when you need them most. just call... and speak with a licensed representative about saving on your policy when you get married, move into a new house... [crash!] or add a car to your policy. d
, global economic collapse. and aside from the fiscal cliff, the battle in washington could hit you, the price of milk, higher. we'll explain.
but we're just ten days to the fiscal cliff. could these two men end up being the grinches that steal christmas? we'll talk live to republican congressmen about what's stopping the president and the house speaker from reaching a deal. i always wait until the last minute. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> we're just ten days away from the country going over the so-called fiscal cliff, automatic tax increases on nearly every american and huge spending cuts to defense and social programs are set to take effect the 1st of january unless the president and congress reach a new budget deal. but most lawmakers have deserted the capital to be home for christmas leaving america teetering on the brink. one of those enjoying christmas back if california is republican congressman tom mcclintock joining us from sacramento, california. you are a tea partier. you're part of the tea party caucus but you supported house
is known for her creative holiday cards. this year's theme is a riff on the fiscal cliff. >>> a million moms plan to march on washington in support of gun control. a survival of gun violence herself and that's coming up and what does that mean when even grover norquist cannot get the gop to march in lockstep. does this mean the republican party is in disarray? our war room has more on that. ♪ ♪ ♪ clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. >>> hi richard
what's the deal with the fiscal cliff? coming up, "weekends with alex witt."
Search Results 0 to 20 of about 21 (some duplicates have been removed)

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